Interpublic takes pre-open dive on Q4 earns miss

Shares of Interpublic Group
IPG, +0.28%
are taking a $1.09, or 13 percent dive, to $7.50 in pre-open trading after the ad-agency holding company said it earned a nickel a share in the fourth quarter, well-below the average analyst estimate compiled by Thomson First Call of 18 cents. The company also said that it is anticipating continuing weakness in demand for advertising and marketing services.

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